A $40,000 settlement with its Littleton landlord last week cleared the way for approval.
Judge allows Tattered Cover’s $1.8M sale to Barnes & Noble
Tattered Cover
Barnes & Noble buying Tattered Cover for $1.8M
The bankrupt local bookseller received three bids, including one from former Tattered Cover CEO Kwame Spearman and a colleague.
Barnes & Noble is top bidder for Tattered Cover, source says
A planned Wednesday auction of the local bookstore chain was canceled.
Eight interested in buying Tattered Cover ahead of June 12 auction
The parties have signed NDAs and “are actively reviewing data and information.”
Want to buy Tattered Cover? The chain wants to make a deal
The chain lost twice as much money in February as it projected, according to a court filing.
Tattered Cover lost $340K in January, expects February losses
“Our sales essentially double in December and then in January we have to pay the bill for that,” CEO says.
Tattered Cover CEO will be paid $120K despite predecessor’s protests
Kwame Spearman, who is in talks with potential buyers, opposed Brad Dempsey’s salary.
Ex-Tattered Cover CEO says current CEO doesn’t deserve $120K salary
Kwame Spearman already owns a minority stake in the company, but said in court documents he and investors could offer to buy it.
Four local bankruptcy cases to watch in 2024
From a famous bookstore to an infamous homebuilder, companies to keep an eye on.
Tattered Cover, leaner and with a lender, sounds optimistic at hearing
CEO Brad Dempsey said the bookstore can emerge from bankruptcy “at the beginning of next year” and a sale is not being contemplated.
